Finding a Top Financial Advisor Firm in El Paso, Texas
Finding the right financial advisor can be a challenging undertaking. To simplify the search, SmartAsset narrowed the options down to the top financial advisor firms in El Paso, Texas. The information below will aid you in deciding if these firms are right for you based on their investing strategy, account minimum and more. In addition, you can use SmartAsset’s financial advisor matching tool, which will connect you with up to three advisors in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Lauterbach Financial Advisors, LLC Find an Advisor||$451,668,424||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Virtus Family Office Find an Advisor||$154,806,947||$1,000,000|| || |
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How We Found the Top Financial Advisor Firm in El Paso, Texas
To find the top financial advisors in El Paso, Texas, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
Lauterbach Financial Advisors, LLC
Lauterbach Financial Advisors is a fee-only financial advisor firm that works with individuals, small businesses, qualified retirement plans and charities and corporations. More than 60% of Lauterbach's individual clients are non-high-net-worth individuals. While the firm does not impose a minimum account size, you’ll need to meet its minimum annual fee requirement of $5,000.
Considering this firm has a relatively small advisory team, it has a rather strong showing of tax management-related certifications. There are three certified public accountants (CPAs) on staff and four certified financial planners (CFPs). The firm also has two personal financial specialists (PFSs) and one certified valuation analyst (CVA).
Lauterbach also has a wealth advisor, Miguel Gomez, CFP, who is designated by the firm as an advisor specifically for Hispanic investors, including immigrants and business owners with interests on both sides of the U.S.-Mexico border.
As a fee-only firm, Lauterbach's revenue comes from the fees that clients pay for services, not third-party commissions for selling products and services.
Lauterbach Financial Advisors Background
Lauterbach Financial Advisors was founded in 1999. The firm is principally owned by three of its employees: Jon Sonnen, president and senior wealth advisor; Suzanne Lindau, vice president and wealth advisor; and Billy DeFrance, CCO and wealth advisor. Six individuals outside of the firm are also part of principal ownership. The firm’s advisors have spent more than 160 years in the financial services industry combined.
Besides working extensively with employee benefit retirement plans, this firm also offers services like estate planning, income and tax management, retirement planning, trust plan design, structures for business sales, higher education funding and insurance review.
Lauterbach Financial Advisors Investment Strategy
Adhering to modern portfolio theory (MPT), Lauterbach Financial Advisors believes that choosing the right mix of investments is the key to a portfolio’s long-term success, as opposed to chasing stocks that are outperforming the market at specific times. Instead of utilizing increasingly popular actively managed funds, this firm uses passively managed funds, such as index funds, open-end mutual funds, exchange-traded funds (ETFs) and conservative fixed income securities.
The composition of your portfolio will depend on a number of factors, though, including your investment goals, risk tolerance and time horizon. Once a proper assessment of your personal financial situation is finished, the firm will construct a plan featuring a combination of the aforementioned passive investments.
Virtus Family Office
Virtus Family Office is a fee-only firm that typically requires a $1 million account minimum. As a result, the firm serves slightly more high-net-worth individuals than non-high-net-worth clients. As for institutional clients, Virtus also advises several corporations and businesses.
As a fee-only firm, Virtus advisors do not earn commissions for selling third-party products and services. Instead, the firm generates all of its income from the fees that clients pay for advisory services. Those fees are based on a percentage of a client's assets under management, charged at a fixed rate or based on a client's net worth.
Virtus does not list any information about its advisors, including any professional certifications, on its website.
Virtus Family Office Background
Virtus was formed in 2017 and is owned by Robert Moreth (25%), Federico Jose Lechuga Dominguez (25%), Jurg Zimmerman (25%) and the Tragaluz Real Estate SC (25%), an entity controlled by four other invidivuals.
Virtus specializes in asset management, financial planning and consulting services and the recommendation of third-party money managers.
Virtus Family Office Investment Strategy
Virtus offers both discretionary and non-discretionary investment management, meaning clients can grant the firm full discretion to make all portfolio decisions without their approval or they reserve the right to sign off on individual transactions. However, all client assets are currently managed on a discretionary basis, according to the firm's Form ADV.
The firm invests in stocks, bonds, exchange-traded funds (ETFs), real estate investment trusts (REITs) and other securities. Virtus generally employs long-term investment strategies reliant on holding securities for more than one year.